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Avatar for Michael E. Minden Diamond Jewelers
Michael E. Minden Diamond Jewelers
4.0(
4
)
Appraisal - General

Serving Laughlin, NV and surrounding areas

In business since 1988

Free estimates

Credit card accepted

"The diamond in my wedding ring was my mother's and it was in the original setting. I've been wanting to remount the diamond into a new ring setting for a long time and finally scheduled an appointment at Michael E. Minden. I am so glad that I did!! Their staff is incredibly professional and always so kind. They helped me keep the history of the diamond and gold from my old ring to transform it into the brand new wedding ring of my dreams!! I can now wear the materials that I inherited in a modern style that I enjoy. Thank you Michael E. Minden Diamond Jewelers!"
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Recommended by75%of homeowners
Antiques and Jewelry Appraisals questions, answered by experts

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

They provide objective, third-party valuation, guiding fair sales or purchase prices.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

The Laughlin, NV homeowners’ guide to antique and jewelry appraisals

From average costs to expert advice, get all the answers you need to get your job done.